ONTO Q3 2025

Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Onto Innovation delivered a mixed but broadly constructive Q3 2025, beating earnings expectations while falling just short on revenue, as the semiconductor process control company navigated a year of meaningful volume headwinds. Non-GAAP EPS of $0.92… Read more Onto Innovation delivered a mixed but broadly constructive Q3 2025, beating earnings expectations while falling just short on revenue, as the semiconductor process control company navigated a year of meaningful volume headwinds. Non-GAAP EPS of $0.92 cleared the $0.90 consensus by 2.51%, though revenue of $218.19 million trailed the $220.54 million estimate by 1.06% and declined 13.5% year-over-year, reflecting lower shipment volumes and margin compression that pushed GAAP net income down to $28.22 million from $53.05 million a year earlier. The standout operational highlight was the full qualification of the company's Dragonfly 3Di technology by two major high bandwidth memory customers, positioning Onto at the center of AI-driven advanced packaging demand. A record $83.40 million in quarterly operating cash flow underscored balance sheet resilience, with cash and equivalents reaching $983.93 million. Looking ahead, management guided Q4 revenue to $250 million to $265 million, with non-GAAP EPS of $1.18 to $1.33, a guidance range since updated upward following the completed Semilab acquisition, signaling confidence that the revenue trough is now in the rearview mirror.